Guideline Value for Periyar Nagar 4-th Street

Periyar Nagar 4-th Street guideline value

The current guideline value of Periyar Nagar 4-th Street is Rs 3,300 per sq.ft, effective from 1 July 2024. This street is located in Irumpuliyur village, under the Tambaram Joint 1 SRO, and is classified as Residential Special Type - III.

How the guideline value of Periyar Nagar 4-th Street has changed

The guideline value for Periyar Nagar 4-th Street has undergone several revisions over the years. The earliest recorded figure is from 2007, where it was set at Rs 500 per sq.ft. This value saw a significant increase to Rs 3,000 per sq.ft in 2012, marking a rise of 500%. However, it then decreased to Rs 2,010 per sq.ft in 2017, a drop of 33%. The value rebounded to Rs 3,000 per sq.ft in 2023, followed by the latest revision in 2024, which increased the guideline value to Rs 3,300 per sq.ft, reflecting a 10% rise from the previous year.

Notably, the register has no figures for the years 2002 and 2003 for this street. Overall, from 2007 to 2024, the guideline value has increased by 560%, showcasing a substantial change over the years.

Guideline values in Irumpuliyur

In Irumpuliyur village, there are 218 streets under the Tambaram Joint 1 SRO, with guideline values ranging from Rs 880 to Rs 6,600 per sq.ft. The median value is Rs 2,200 per sq.ft, placing the 2024 figure for Periyar Nagar 4-th Street above this median.

• Periyar Nagar 4-th Cross St: Rs 3,300 per sq.ft (2024)
• Periyar Nagar 5-th Cross St: Rs 3,300 per sq.ft (2024)
• Periyar Nagar 5-th Street: Rs 3,300 per sq.ft (2024)
• Periyar Nagar 3-rd Street: Rs 3,300 per sq.ft (2024)
• Periyar Nagar 6-th Street: Rs 3,300 per sq.ft (2024)
• Periyar Nagar 7-th Street: Rs 3,300 per sq.ft (2024)

Stamp duty and registration fee for property in Periyar Nagar 4-th Street

For a 1,000 sq.ft plot at the current guideline value of Rs 3,300 per sq.ft, the total guideline value would be Rs 33,00,000. The stamp duty at 7% would amount to Rs 2,31,000, and the registration fee at 2% would be Rs 66,000, bringing the total cost for these fees to Rs 2,97,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For further calculations, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Periyar Nagar 4-th Street?

The Sub Registrar Office that covers Periyar Nagar 4-th Street is the Tambaram Joint 1 Sub Registrar Office, located at No.26, Mes Road, East Tambaram, Chennai-600059, in the Chengalpattu registration zone. You can find your SRO for more details.

How the guideline value is used when you buy or sell in Irumpuliyur

The guideline value is a crucial factor in the registration process when buying or selling property in Irumpuliyur. It serves as a benchmark for calculating stamp duty and registration fees, ensuring that these costs are based on the official valuation of the property.

Frequently asked questions

What is the current guideline value of Periyar Nagar 4-th Street?

The current guideline value of Periyar Nagar 4-th Street is Rs 3,300 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed significantly, starting from Rs 500 per sq.ft in 2007 to Rs 3,300 per sq.ft in 2024, reflecting an overall increase of 560% over the years.

What is the land classification of Periyar Nagar 4-th Street?

Periyar Nagar 4-th Street is classified as Residential Special Type - III, indicating its designated use for residential purposes.

What are the stamp duty and registration fees for property transactions?

Stamp duty is charged at 7% and the registration fee at 2% of the guideline value or sale price, whichever is higher. For example, a plot valued at Rs 33,00,000 would incur a total fee of Rs 2,97,000.

Where can I find the Sub Registrar Office for Periyar Nagar 4-th Street?

The Sub Registrar Office for Periyar Nagar 4-th Street is the Tambaram Joint 1 Sub Registrar Office, located at No.26, Mes Road, East Tambaram, Chennai-600059.